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Reading: Dangote Announces Cheaper Petrol Price Than Port Harcourt Refinery Amid Strong Competition
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Refinery Crisis: My Friend Who Warned Against Investing In Nigeria Now Laughing Me - Dangote
Business

Dangote Announces Cheaper Petrol Price Than Port Harcourt Refinery Amid Strong Competition

November 29, 2024 10:06 am
The Capital
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Dangote Refinery has announced a new initiative for marketers interested in exploring the high-quality Premium Motor Spirit (PMS) available from the company.

This development came amid the news that the Port Harcourt Refining Company Ltd. in Rivers State has begun processing crude oil, signaling positive movement in the sector.

In response, Dangote Petroleum Refinery is intensifying its outreach efforts to engage potential buyers for its petroleum products, highlighting its commitment to meeting market demands. …CONTINUE READING

Dangote Refinery Reduces Diesel Price By 40%
Dangote Refinery
JUST IN: NNPCL Announces New Date Port Harcourt Refinery To Kick Off Production
Port Harcourt refinery

The Dangote Petroleum Refinery has doubled down on its efforts to attract buyers for its petroleum products.

A recent advertisement by the company announced a cheaper rate than a strong competitor in the market.

The latest campaign from Dangote Refinery sought to remind consumers about the quality of its products and encouraged them to get in touch.

The latest campaign from Dangote Refinery sought to remind consumers about the quality of its products and encouraged them to get in touch.

The advert, as seen on its X account, read: “High quality PMS (Petrol) For your Vehicle & Engine and also good for the Environment. Buy minimum of 2 million litres @ N970 per litre.”

Dangote Refinery advert

This latest marketing attempt comes amid reports that crude oil processing has now begun at Rivers State’s Port Harcourt Refining Company (PHRC) Ltd.

Thecapital.ng recalls, PETROAN’s National Public Relations Officer, Dr. Joseph Obele, confirmed the price, noting that it has discouraged marketers from lifting products from the refinery.

Obele said, “Yes, the Port Harcourt refinery is selling petrol for N1,045 per litre to marketers. That is N75 higher than the price from Dangote.

See also  BREAKING: Reps Approve N4 Trillion For Petrol Subsidy

Femi Soneye, the state-owned oil company’s chief corporate communications officer, verified this information via his X with a video of refinery operations.

He disclosed that the oil facility at Alesa Eleme in Port Harcourt, which the Nigerian government owns, is currently operating at 60 per cent of its capacity.

The refinery’s installed capacity is said to be 150,000 barrels per day, but according to the NNPC, it is only currently producing about 90,000 barrels per day.

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